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Samsung Group

Declining smartphone maker HTC booted from blue chip index

Taiwan's stock exchange has removed smartphone maker HTC from its index of blue chip companies, signposting the dramatic decline of a business that once ranked as Taiwan's No. 1 brand and dazzled consumers with some of the world's first Android handsets. The exchange removed HTC from its FTSE TWSE Taiwan 50 index on Monday after the company's market value declined below the level required for inclusion in the market benchmark. The index lists Taiwan's 50 biggest companies which together represent 70 percent of the market's value. It's a humbling comedown for a company that once sold more than 1 in 10 of phones worldwide, received plaudits for innovation...